DEPARTMENT OF BANKING AND FINANCE

This study empirically examines the link between financial technology and the rise of cybercrime in Nigeria. The intensity of detected cybercrime (measured in billions of naira) was used as the dependent variable, with three financial technologies, ATMs, internet services, mobile banking and a control variable (an organizational dummy involved in combating cybercrime). are regressed on four explanatory variables consisting of In Nigeria, like EFCC. The ordinary least squares (OLS)
econometric method was used for estimation. Empirical evidence shows that financial technology has a significant impact on cybercrime in Nigeria. ATMs, Internet, and mobile banking facilities in particular are positively and significantly associated with cybercrime in Nigeria. Further evidence shows that cybercrime, cybercrime rates, albeit with a weaker impact, with more active efforts on the part
of the EFCCC to curb cybercrime in Nigeria. This suggests that more efforts are needed. Given the empirical evidence, the development of sophisticated new and innovative cybercriminals to tame technological devices is essential. This should go hand in hand with strong institutional capacity such as the EFCC and strengthening the legal and judicial framework. Reducing the incidence of cybercrime in Nigeria to negligible levels

This study carried out a research on liquidity and performance of listed manufacturing firms in Nigeria. The population of the study is one hundred & five (105) Manufacturing sampling firms. Four research questions and four hypotheses were stated. Data collection was from Nigeria Stock Exchange through the MachameStat. The data was analyzed in line with the research questions and hypothesis. Descriptive Statistics was conducted; the Pearson correlation coefficient was employed and the panel least squares methods in testing the hypotheses of this study. It was revealed that in research question 0, which implies that we should reject the null hypothesis �0 which state that There Is No Significant Impact of profit after tax margin (PATM) on the Performance Of listed Manufacturing firm In Nigeria. The research question 1, this result suggests that we accept the hypothesis ��1 which states that there is no significant effect of debtor management(DEBT_CA) on the performance/profitability of listed manufacturing firm in Nigeria

The study empirically examined the impact of electronic banking on deposit money banks performance in Nigeria for the period 2009 to 2023. The specific objectives of the study were to examined the impact of mobile banking (MBANK), internet banking (IBANK), point of sales terminal (POS) and automated teller machine (ATM) on deposit money banks performance. The fully modified least square econometric technique was employed for analysis of data and the results obtained indicate that mobile banking (MBANK) and point of sales terminal (POS) has significant negative impact on deposit money banks performance; internet banking (IBANK) and has significant positive relationship with deposit money banks performance; while automated teller machine (ATM) has a weak negative impact on deposit money banks performance in Nigeria. The study therefore conclude that, in the determination of deposit money banks performance (DMBP), MBANK, IBANK and POS are major factors to be considered by
management, policy makers and the government. These variables must not be ignored in policy decision making otherwise, it will spell doom for the Nigerian banking industry.

The place of the insurance industry in modern financial markets has become more significant, especially in sub-Saharan African (SSA) countries. This central role of the insurance sector has heightened evaluations of how the sector interplays with other aspects of the economy, especially in the drive for sustainable development. In this study the relative effects of insurance sector development and carbon emissions on economic growth in SSA is examined. The study focuses on the roles of different insurance sector factors and how these factors explain the effects of carbon emissions on economic growth in the region. On this basis, the study also assessed the existence of the Environmental Kuznets Curve (EKC) hypothesis for SSA countries and the directionp of causality among the environmental, economic and insurance variables. Insurance development is measured as insurance penetration, insurance density, and insurance premium size, while carbon emission is measured by the tons of CO2 emissions and augmented by greenhouse gas emissions. A panel of nineteen (19) selected SSA countries is employed in the study for the period 2000 to 2023. The study also evaluated the underlying dynamic interactions between insurance and the economy. Hence, the Pooled Mean Group (PMG) estimation technique is used in the empirical analysis to estimate the long-run and short-run relationship amongst the variables for the panel analysis. The study finds that while insurance penetration and density significantly improve economic growth in the long run, the positive effect of gross premium payment is found to be only evident in the short run. There is also evidence that the Environmental Kuznets Curve hypothesis (EKC) exists for the selected Sub-Saharan African countries. In the same vein, while insurance sector development is found to significantly moderate the relationship between carbon footprint and economic growth, granger causality is shown to exist only from economic growth to insurance sector development in SSA. The findings from the study imply that insurance sector development directly improves economic growth in SSA and indirectly promotes growth by mitigating climate change effects. It is therefore recommended that insurance take-up needs to be prioritized by policy makers in SSA by deepening green insurance policies in the long run.

This study examines the impact of macro-economic variables on income inequality in Nigeria, using a multiple regression analysis. The study employs a data set covering the period1980-2020 obtained from the World Bank and the National Bureau of Statistics (NBS) of Nigeria. Themacroeconomic variables considered include GDP growth rate, interest rate, and exchange rate. The results of the study reveal significant relationships between these macroeconomic variablesand income inequality, as measured by the Gini coefficient. Specifically, the findings indicatethat GDP growth rate and inflation rate have a positive and significant impact onincomeinequality, while unemployment rate has a negative and significant impact. The study alsofindsthat interest rate and exchange rate have a significant impact on income inequality, althoughthedirection of the relationship varies. The study concludes that macroeconomic policies aimed at reducing income inequalityinNigeria should focus on promoting economic growth, controlling inflation, and reducingunemployment. Additionally, the study highlights the need for policymakers to carefullyconsider the potential impact of interest rate and exchange rate policies on income inequality. The findings of this study contribute to the existing literature on the relationship betweenmacroeconomic variables and income inequality, and provide valuable insights for policymakersseeking to reduce income inequality in Nigeria.

When an individual or community lacks the means of subsistence, they are said tobeinastate or situation of poverty. Microfinance banks are financial establishments designedtohandle relatively small deposits and loans with a focus on helping the underprivileged. Theimpact of microfinance banks in reducing poverty in Nigeria is examined in this study. Thechi-square technique and the t-test were used to evaluate the data. The conclusionof thehypothesis was that microfinance banks have a beneficial effect on reducing poverty. According to the results, it is advised that the interest rates of microfinance banks be loweredin order to draw more clients to the institution, and the loan size should be increasedinorderto satisfy client needs. Additionally, there should be thorough orientation for bothbankemployees and consumers, as information is power and the fight against poverty cannot bewon without a sufficient level of public education. Also, the government has to introduceregulatory measures that support and enhance the efficiency of microfinance institutions.

This study investigates the relationship between financial inclusion and economic growth in Nigeria, emphasizing the role of accessible financial services in promoting investment, employment, and income equality. Using secondary data from the Central Bank of Nigeria, the National Bureau of Statistics, and the World Bank from 2000 to 2023, the study analyzes indicators such as the number of bank branches, mobile money usage, savings rate, and credit to the private sector in relation to Gross Domestic Product (GDP) growth. The findings reveal a strong positive link between financial inclusion and economic growth, showing that greater access to financial services stimulates productive activities and enhances economic performance. However, factors such as poor financial literacy, infrastructural deficits, and limited rural access still constrain the full benefits of inclusion. The study recommends policies that promote digital finance, improve financial literacy, and expand financial infrastructure to achieve sustainable economic growth in Nigeria

Risk management has become a critical function in modern organizations due to increasing uncertainty, competition, regulatory demands, and rapid technological change. This study examines the relationship between risk management practices and corporate organizational effectiveness. It explores how systematic identification, assessment, mitigation, and monitoring of risks contribute to improved decision-making, operational stability, and long-term sustainability within organizations. The study highlights key components of effective risk management frameworks, including risk assessment, internal controls, compliance mechanisms, and strategic risk planning.
Using a conceptual and analytical approach, the research reviews existing literature and organizational practices to determine how proactive risk management influences organizational performance indicators such as productivity, financial stability, adaptability, and goal achievement. The findings suggest that organizations that integrate risk management into their strategic and operational processes are better positioned to anticipate uncertainties, reduce potential losses, and exploit emerging opportunities.
Furthermore, the study emphasizes the importance of leadership commitment, organizational culture, and clear risk governance structures in ensuring the successful implementation of risk management systems. It concludes that effective risk management significantly enhances corporate organizational effectiveness by promoting resilience, improving resource allocation, and strengthening stakeholder confidence. The study recommends that organizations adopt comprehensive risk management frameworks and continuously evaluate risk strategies to maintain competitiveness and achieve sustainable growth.

The study examines the determinants of cash holdings of 12 deposit money banks in Nigeria for a period of 13 years (2013 to 2025). The panel data sourced from the Nigerian stock exchange fact book, Annual financial statement and cash flow reports of banks were used. The econometric tools analysis was employed to analyze five bank’s specific variables such as return on assets, asset tangibility, leverage, bank size and volume of deposits to assets. The empirical findings revealed that asset tangibility is negative and is an 'important factor in the determination of cash holding behaviour of deposit money banks in Nigeria. Return on assets (a proxy for bank profitability) does not have any significant relationship with cash holding; leverage has an insignificant positive impact on cash holdings; bank size has an insignificant negative relationship with cash holding; and volume of deposits to assets (VDA) has a weak negative impact on deposit money banks’ cash holding. The study recommends among others that, management should be cautious in setting up a cash holding friendly policy that can be effectively linked with performance. This will ensure that as bank increases its level of cash holding, it will in turn enhance the overall performance of the bank. Also, since asset tangibility has proven to be a major factor that determines bank’s cash holding behaviour of firm in Nigeria, it therefore follows that banks should hold more cash in order to increase tangible assets. Thus, appropriate policy that will ensure that as bank increases its cash holding capacity, its corresponding tangible assets would also be enhanced

This study aims to investigate the dynamics of economic growth in Nigeria, with a focus on the role of foreign remittances, money supply, exchange rate, and inflation rate as component variables. The research is crucial in understanding the broader economic implications of foreign remittances in a developing country context. The study uses secondary time series data covering the period 1994 to 2022. This study used descriptive statistics, correlational and regression analysis to analyze the data. The descriptive statistics are used to describe the data set using the mean, maximum and minimum values, standard deviation, skewness, kurtosis, and the Jarque-Bera statistic. Skewness, kurtosis and the Jarque-Bera statistics are use to explain the distribution properties of the data. The correlation analysis is used to determine the linear relationship between the variables pair wisely. The Ordinary Least Squares (OLS) technique is used to determine the effect of the explanatory variables on the outcome variable. The empirical result revealed that foreign remittances have a significant impact on economic
growth in Nigeria. It was found that money supply has a positive significant impact on economic growth in Nigeria It was discovered that exchange rate has a positive significant impact on economic growth in Nigeria. The study found that inflation rate has an insignificant impact on economic growth in Nigeria.